April 13, 2014
FFC is forecasting continued deterioration in gold prices in 2014. The price of gold in usd/oz will continue the trend down to below $1200/oz with the occasional short-term (order of weeks) bounce up in the price of gold.
The drop in gold prices that started in late 2012 may also be the beginning of the down phase of the long-term commodity price cycle.
Current Economic Indicators
|April 17, 2014 (Close of Day)|
|Global Stock Markets Growth, %||0.31|
|US GDP Growth, %||2.58|
|US Inflation Rate, %||1.51|
|US Unemployment Rate, %||6.70|
|Gold Price, $/oz||1,299.00|
|WTI Oil Price, $/bbl||104.30|
|US 10 Yr Treasury, %||2.73|